Toyota has notified its Japanese dealers that it will price the new 2010 Toyota price at 2.05 million yen ($20,750 USD) which is right on par with the new 2010 Honda Insight. The move is Toyota’s latest response in the hybrid war between the Prius and Honda Insight.

Still, that might not be enough to entice treehuggers to go with the Prius over the Insight. Japanese dealers say that the base model of the 2010 Pius starts at 2.05 million yen ($20,750 USD) which is the same as a middle-trim Insight. The top-of-the-line 2010 Insight goes for 2.21 million yen ($22,370 USD) while the Prius runs all the way up to 3.27 million yen ($33,100 USD).

No word on whether if Toyota will make the same move in the U.S., but according to Automotive News, aggressive U.S. pricing is very likely. The 2010 Honda Insight went on sale in the U.S. in March with prices starting at $20,470. The third-generation 2010 Prius is expected to start around $24,000.

The current Toyota Prius starts at 2.331 million yen ($23,590 USD) in Japan.

2010 Toyota Prius:

 

 

2010 Honda Insight:

 

- By: Kap Shah

Related Posts:

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  2. Bring it on Honda Insight: 2010 Toyota Prius was Japan’s best-selling car in May
  3. 2010 Toyota Prius pricing starts at $21,750, Honda Insight still cheaper
  4. Toyota working on cheaper hybrid aimed at Honda Insight
  5. Poll: What would you buy? 2010 Toyota Prius or 2010 Honda Insight

  • mtema99
    totally agree with you zermatt
  • Baragon
    I guess that this is really good for the consumer but still makes me wonder how much Toyota was ripping people off when the Prius had no competition.
  • zermatt
    It isn't ripping anyone off if someone believes that there is value at a given price. Many people thought that the price of the Prius was reasonable.

    Up until recently, pick up trucks had the best margin in the business - were the manufacturers ripping off truck buyers?

    There is a cost associated with new technology development that has to be recovered. Toyota took a risk with the Prius and this investment could have very well have gone the other way and Toyota would have lost money.

    The cost of new technology is always high and with acceptance and competition the price comes down. ABS brakes, fuel injection, power windows, cruise control, power door locks, etc. were all expensive options, but are now standard features on even the least expensive vehicles

    If manufacturers don't make profits they will resemble GM and Chrysler.
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